Tampa Bay Job Growth Offers Good Prospects for Florida Investment Property
Tampa Bay suffered proportionately more than the rest of the country during the recession of 2008. In fact, for Tampa Bay, job losses started before it occurred in the rest of the country. The good news is that the recovery in the Tampa Bay real estate market has been at a more rapid pace than the USA and it it forecast to remain higher Comparison of Tampa Bay Non-Farm Employment with that of...
Read MoreApartment Buildings for Sale: Outlook Remains Bright in Florida
The outlook for multi-family investments in the State of Florida remains positive. As reported in the Q2 “Survey of Emerging Market Conditions” produced by the University of Florida’s Bergstrom Center for Real Estate Studies, it is believed that apartment rents and occupancy will continue to increase in the coming quarters, despite new development, which is schedule to come online over...
Read MoreFlorida Investment Property Is Still A Bargain In Spite Of The Recent Increase In Interest Rates
Interest rates for commercial real estate loans have jumped considerably. In May 2103 the interest rate was 4.14%. In September 2013 the rate has increased to 5.7%. These rates are indexed to the 10 year treasuries. Under normal circumstances rising interest rates would cause a decrease in the value of commercial real estate. This has not occurred because the interest rates were, and still...
Read MoreProperty Investment Calculator Added To Florida Investment Real Estate Website
Florida Investment Real Estate (FIRE) has added a property investment calculator to its website to help its customers make better informed investment decisions. The calculator can also be used to check how your investment property is doing on the market. The property investment calculator allows you to enter a host of information about your property and it will give you a strong understanding of...
Read MoreBuying Rental Property – 10 Items to Consider
When done correctly, buying rental property can significantly increase your earnings and provide a better future for your family. However, before making your investment, when buying rental property it is very important to investigate certain key areas to ensure you are buying wisely. If you bear the following in mind, it will give you good understanding on what to look out for. Location: When...
Read MoreApartment Complex Sales of Interest
Address 14323 Lucerne Dr. Tampa, FL Property Type Multi Family Dwelling Sales Date 6/28/2013 Sales Amount $1,750,000 Units 106 Price Per Unit $16,510 Sq Ft 78,553 Prior Sale Amount $900,000 Prior Sales Date 9/1990 Address 745 2nd Ave N. St Petersburg, FL Property Type Apartments ( 10 Units To 49) Sales Date 4/10 Sales Amount $800,000 Units 22 Price Per...
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